‘No one saw this coming’: will the surprise Telegraph winner change the paper’s direction?

Daily Mail owner could take long-term hit after being gazumped at the 11th hour by Germany’s Axel Springer

The day after Lord Rothermere was gazumped in his pursuit of the Telegraph by Axel Springer’s £575m knockout offer, the Daily Mail owner was pictured beaming at Rupert Murdoch’s 95th birthday party in New York.

As guests at the star-studded black tie celebration at The Grill in Manhattan listened to Hollywood actor Hugh Jackman sing numbers such as Fly Me to the Moon, the 58-year-old media mogul may have been wondering how his almost three-decade dream to unite the titles within one right-leaning stable had fallen at the final hurdle.